Fannie Mae recognized as largest issuer of green bonds

The Climate Bond Initiative, as part of the Third Annual Green Bond Pioneer Awards, recognized Fannie Mae as the 2017 Largest Issuer of Green Bonds in the world. The awards are a globally recognized symbol of innovation and achievement in green bond market development, according to a release. In 2017, Fannie Mae issued $27.6 billion in Green Mortgage-Backed Securities (MBS) backed by either green building-certified properties or properties targeting a reduction in energy or water consumption, up from $3.6 billion in 2016 and $111 million in 2015. The 2017 Green MBS issuance volume is in addition to the $3.4 billion in Green REMIC tranche issuance volume.